Asked by Christian Broussard on Apr 27, 2024
Verified
Lorene and Carolyn own a farm as joint tenants. When Lorene dies, her share will pass to:
A) Carolyn.
B) her heirs.
C) her beneficiaries.
D) Carolyn's heirs.
Joint Tenants
A form of property co-ownership where two or more parties hold equal shares, and upon the death of one, the surviving joint tenant(s) automatically receive the deceased's share.
Heirs
Individuals legally entitled to receive property from a deceased person's estate under a will or through intestacy.
Beneficiaries
Individuals or entities entitled to receive benefits or funds under a will, trust, insurance policy, or other financial arrangement.
- Understand the principles of simultaneous property ownership and recognize the differences among its various forms.
- Comprehend the legal approaches to resolving and managing disputes in property law, including the division of property and the rights of survivorship.
Verified Answer
Learning Objectives
- Understand the principles of simultaneous property ownership and recognize the differences among its various forms.
- Comprehend the legal approaches to resolving and managing disputes in property law, including the division of property and the rights of survivorship.
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